Naira looses N63.37 towards greenback — Each day Nigerian

The Naira on Wednesday depreciated on the official market, buying and selling at N1,625.13 to the greenback.

Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, revealed that the Naira misplaced N63.37.

This represents a 4.05 per cent loss when in comparison with the earlier buying and selling date on Tuesday when it exchanged at N1,561.76 to a greenback.

Also, the entire day by day turnover diminished to 170.6 million {dollars} on Wednesday down from 253.68 million {dollars} recorded on Tuesday.

At the Investor’s and Exporter’s, I&E, window, the Naira traded between N1,652 and N1,560 towards the greenback.
NAN